>> i hope the president can turn this economy around. we are all rooting for our economy. but his policies are a disaffer and the american people are scared to death. >> eric: joe, if you listen to matt, the president's policies may not seem to work? >> well, i -- with respect to matt, i tried to let the facts. he's right. we need a fair, simple and compliant tax code. we have $150 billion that corporations do in tax expenditures to avoid the tax rates. so their tax rate on average is 16%, not 35%. but that's inefficient. we have to do what matt said, and tax people efficiently. if you go back to world war ii and take all the years since then, when our tax rate was 70% in the 50s and you look at periods with more than 38%, we had an employment rate that grew of .5%. when the tax rate was -- excuse me -- was 2%. when the tax rate went down to 38% or below, we grew at five%. my point is this is not taxes. what is key, let's take murderrive and regalations on businesses, they have increased. if they are paying 33% more for regulations per individual, you are not opening up th